Fed signals possible rate cut; Wall Street surges | Wilnesh News

This report comes from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open keeps investors updated on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

Interest rate cuts are coming
The Fed expects Keep benchmark interest rates stable 5.25% to 5.50% on Wednesday, but Chairman Powell said The Fed may cut interest rates at the September meeting. The Fed’s overnight borrowing rate, currently at its highest level in 23 years, has remained stable over the past year, but is widely expected to fall this year as inflation begins to ease.

U.S. stocks rebound
US stocks Jumped Powell said a rate cut in September was “on the table.” this S&P 500 Index Closed up 1.58% Nasdaq Index up 2.64%, Dow Jones Industrial Average Add 0.24%. Nvidia Competitors performed better than expected, and the stock price soared 12.8%, the best single-day performance since February 22. Advanced Micro Devices Let the chip bulls return. boeing company The company’s shares rose 2% even as it reported larger losses and revenue that fell short of analysts’ expectations. and named new CEO. Ministry of Finance Yields fall after Fed announcement gold Rose.

Metadata shines
Yuan beyond expectation Second-quarter revenue grew 22% to $39.07 billion, while net profit rose 73% to $13.47 billion, driven by increased advertising on Facebook and Instagram. A week ago, Alphabet reported an 11% increase in Google ad sales. Meta expects “capital spending to increase significantly in 2025 as we invest to support artificial intelligence research and product development efforts.” The stock rose 7% in after-hours trading.

oil revenue
U.S. crude futures rose 4% on Wednesday after Hamas political leader Ismail Haniyeh was assassinated in Tehran. Iran accused Israel of carrying out the killing, a day after Israel said it had eliminated a senior Hezbollah leader in Beirut. Oil prices were also boosted by falling U.S. oil and gas inventories, a positive sign for demand. this West Texas Intermediate crude oil September contract The last trading price was US$78.63 per barrel.

Japanese currency intervention
Japanese authorities Cost 5.53 trillion yenIn July, $36.8 billion supported the yen, official data showed. The scale of the intervention was nearly as expected, following repeated warnings from authorities about rising volatility in currency markets. The yen fell to 38-year low exchange rate against the U.S. dollar in early July.

(PRO) Beneficiaries of interest rate cuts
CNBC Pro Screen for stocks in the S&P 500 that tend to rise It’s most severe when short-term interest rates start to fall. If interest rates drop in the near future, these names could surge.

Reuters The United States plans to introduce a new rule that would make it more difficult for non-U.S. companies to export semiconductor manufacturing equipment to China, but allies such as Japan, the Netherlands and South Korea would be excluded, reports said on Wednesday.

However, exports to China from countries such as Israel, Taiwan, Singapore and Malaysia will be affected by the US regulations, the report said.

Dutch semiconductor equipment maker stocks ASML It rose as much as 10% on Wednesday.

There is also uncertainty surrounding arm,who The stock price fell more than 13% Wednesday’s extended trading came after the chip architecture company gave a tepid profit forecast for the current quarter and full fiscal year.

mass strikeThe problem is not over yet Delta Airlines The latest news is that it will seek compensation for the disruption caused by the software company’s failed upgrade in July.

Delta Air Lines CEO Ed Bastian As told to CNBC’s “Squawk Box” The massive IT outage cost the operator approximately $500 million. He said the figure includes not only lost revenue from canceled flights but also “tens of millions of dollars in compensation and hotel costs per day” over the five days.

— CNBC’s Jordan Novet, Arjun Kharpal, Leslie Joseph and Ece Yildirim contributed to this report.